State rental market analysis · AK
Alaska rental markets
3 tracked cities over 20,000 population, 3 ranked and summarized by their median Overall. Every number traces to Census, Zillow and BLS. All states ranked →
Browse every Alaska ZIP Code area → · the full server-rendered index for this state.
Part of the Pacific Census division (West region).
The honest read
Alaska ranks #48 of 51 states for rental investing, with a median Overall of 32.3/100 across its ranked cities, below the national median. 3 ranked cities roll up into this grade.
A state grade is the median of its ranked cities, a screen for where to look, not underwriting. Open any city below for its full shown-math breakdown, or run a specific deal through the cap rate and cash-flow calculators.
Where it ranks, factor by factor
Every value is the median across the 3 ranked cities in this state. The national rank compares all 51 states on that one factor; the engine already flips inverted factors (affordability, low unemployment) so a better rank always means a better market. Each factor sits in one of the model’s three categories (Cash Flow, Growth, or Stability); this is a representative summary, and the full thirteen-factor breakdown is on each city’s page. Full methodology.
| Factor | Category | State value | National rank |
|---|---|---|---|
| Gross rent yield | Cash Flow | 5.1% | not measured |
| Rent growth | Growth | 3.9% | not measured |
| Home value growth | Growth | 3.0% | not measured |
| Population growth | Growth | -0.2% | not measured |
| Job growth | Growth | 0.0% | not measured |
| Price-to-income | Cash Flow | 4.4× | not measured |
| Unemployment | Stability | 3.5% | not measured |
| Rental demand | Stability | 38% renters · 812.4% vacancy | not measured |
| Income growth | Growth | 3.6% | not measured |
Every city in Alaska, ranked
Led by Juneau at 37/100. Click any column to re-sort; every city links to its full shown-math breakdown.
Data as of: Zillow ZHVI/ZORI through the latest monthly release · Census ACS 5-yr 2019–2023 · Census PEP July 2024 · BLS LAUS county 2023 annual. Generated 2026-09-01. Methodology & limitations · underwrite any specific deal with the free calculators.
ZIP markets in Alaska
245 Census ZIP Codes (ZCTAs) in Alaska · 73 data-eligible for subscores. These are sub-city government areas ranked separately from the Alaska city table. The overall Rental Investor ZIP Score leaderboard leads; the two component subscores (affordability, rental-market context) follow as independent percentiles. ZIP ranks are shown within the ZIP universe only, never mixed with, and not directly comparable to, city ranks. Vintage: the Key metric column is Census ACS 2020–2024 (5-year), a newer release than the ACS 2019–2023 figures the city table above uses; the same measure can legitimately disagree between the two.
Best overall ZIP Codes in Alaska
Ranked by the overall Rental Investor ZIP Score. The # is each ZIP Code's canonical AK state rank; the smaller figure is its national rank. Separate from the Alaska city table and not directly comparable to it.
| AK rank | ZIP Code | Overallgrade · national | Key metric |
|---|---|---|---|
| #1 | 99654Tanaina | A 74#135 nat | 4.2%Survey yield |
| #2 | 99685Unalaska | B 72#330 nat | 5.4%Survey yield |
| #3 | 99645Knik River | A 71#374 nat | 4.3%Survey yield |
| #4 | 99612King Cove | B 70#491 nat | 11.1%Survey yield |
| #5 | 99623Point MacKenzie | A 69#639 nat | 5.9%Survey yield |
| #6 | 99780Mentasta Lake | B 68#845 nat | 6.3%Survey yield |
| #7 | 99633Naknek | B 64#1,869 nat | 6.7%Survey yield |
| #8 | 99611Nikiski | A 64#1,934 nat | 4.4%Survey yield |
| #9 | 99669Kalifornsky | B 64#2,042 nat | 4.5%Survey yield |
| #9 | 99688Willow | B 64#2,042 nat | 5.6%Survey yield |
| #11 | 99661Sand Point | B 62#2,623 nat | 7.2%Survey yield |
| #12 | 99603Fox River | B 62#2,734 nat | 3.9%Survey yield |
Top affordability ZIP Codes in Alaska
State-scoped leaders on the affordability subscore only (national rank shown is within that subscore’s data-eligible universe). Substantially an inverse housing-cost signal: a component of the overall score, not a predicted return.
| # | ZIP Code | Affordability | Key metric |
|---|---|---|---|
| 1 | 99741Galena | 99#17 nat | 13.4%Survey yield |
| 2 | 99671Stebbins | 98#38 nat | 11.9%Survey yield |
| 3 | 99612King Cove | 97#59 nat | 11.1%Survey yield |
| 4 | 99655Quinhagak | 97#59 nat | 11.1%Survey yield |
| 5 | 99628Manokotak | 96#82 nat | 10.6%Survey yield |
| 6 | 99621Kwethluk | 95#122 nat | 10.0%Survey yield |
| 7 | 99752Red Dog Mine | 86#671 nat | 6.5%Survey yield |
| 8 | 99761Noatak | 84#836 nat | 7.6%Survey yield |
| 9 | 99750Kivalina | 83#911 nat | 7.5%Survey yield |
| 10 | 99760Healy | 81#1,143 nat | 9.2%Survey yield |
| 11 | 99661Sand Point | 80#1,287 nat | 7.2%Survey yield |
| 12 | 99689Yakutat | 76#1,803 nat | 7.3%Survey yield |
Deepest rental-market ZIP Codes in Alaska
State-scoped leaders on the rental-market-context subscore only (national rank shown is within that subscore’s data-eligible universe). Rental depth/tightness: a separate component, never combined here with affordability.
| # | ZIP Code | Rental market | Key metric |
|---|---|---|---|
| 1 | 99559Bethel | 78#462 nat | 5.8%Survey yield |
| 2 | 99755Denali Park | 76#803 nat | 2.4%Survey yield |
| 3 | 99741Galena | 74#1,009 nat | 13.4%Survey yield |
| 4 | 99557Lime Village | 74#1,042 nat | 6.3%Survey yield |
| 5 | 99752Red Dog Mine | 74#1,042 nat | 6.5%Survey yield |
| 6 | 99766Point Hope | 74#1,125 nat | 7.8%Survey yield |
| 7 | 99760Healy | 73#1,242 nat | 9.2%Survey yield |
| 8 | 99782Wainwright | 72#1,549 nat | 8.5%Survey yield |
| 9 | 99686Valdez | 71#1,738 nat | 5.7%Survey yield |
| 10 | 99685Unalaska | 71#1,780 nat | 5.4%Survey yield |
| 11 | 99684Unalakleet | 71#1,829 nat | 6.4%Survey yield |
| 12 | 99518Anchorage | 70#2,082 nat | 6.1%Survey yield |